Hitotsubashi-RIETI International Workshop on Real Estate and the Macro Economy

Dates December 14-15, 2017
Venue Research Instiute of Economy, Trade and Industry,
1-3-1 Kasumigaseki Chiyoda-ku Tokyo, JAPAN
Organizers Chihiro Shimizu (Nihon University)
Iichiro Uesugi (Hitotsubashi University and RIETI)
 DAY 1
Opening Remarks Atsushi Nakajima (Chairman of RIETI)
Iichiro Uesugi (Hitotsubashi University and RIETI)
Session1】Chair: Kaoru Hosono (Gakushuin University)
Presenter1 Arito Ono (Chuo University)
“Disentangling the Effect of Housing on Household Stock Holdings: Evidence from Japanese micro data”   ☛Paper、☛Presentation
Discussant Miki Seko (Musashino University and Keio University)  ☛Comment
Presenter2 Masahiro Hori (Cabinet Office)
“Housing Wealth Effects in Japan: Evidence based on household micro data”  
Paper、☛Presentation
Discussant Jiro Yoshida (Pennsylvania State University)  ☛Comment
【Session2】Chair: Daisuke Miyakawa (Hitotsubashi University)
Presenter3 Dan McMillen (University of Illinois, Urbana-Champaign)
“Decompositions of Spatially Varying Quantile Distribution Estimates: The Rise and Fall of Tokyo House Prices”
Presentation
Discussant Sachio Muto (Ministry of Land, Infrastructure, Transport, and Tourism) ☛Comment
Presenter4 Xiangyu Guo (National University of Singapore)
“Change in the Distribution of Sale/Rental Prices: Comparison of Beijing and Tokyo” ☛Paper、☛Presentation
Discussant Yoshiyuki Miyoshi (Ministry of Land, Infrastructure, Transport, and Tourism) 
Comment
【Session3】Chair: Hirofumi Uchida (Kobe University)
Presenter5 Jiro Yoshida (Pennsylvania State University)
“Depreciation in Commercial Property” ☛ Paper、☛Presentation
Discussant  Dan McMillen (University of Illinois, Urbana-Champaign)  ☛Comment
Presenter6 Robert Hill (Institute of Economics, University of Graz)
“Weekly Hedonic House Price Indices and the Rolling Time Dummy Method: An Application to Sydney and Tokyo” ☛Paper、☛Presentation
Discussant Naohito Abe (Hitotsubashi University) ☛Comment
Presenter7 Chihiro Shimizu (Nihon University)
“Alternative Land Price Indexes for Commercial Properties in Tokyo” 
Paper、☛Presentation
Discussant Robert Hill (Institute of Economics, University of Graz) ☛Comment
DAY 2
【Session4】Chair:Chihiro Shimizu (Nihon University) )
Presenter8 Iichiro Uesugi (Hitotsubashi University and RIETI)
“Collateral Channel versus Bank Lending Channel: Evidence from a massive earthquake” ☛Presentation、☛Tables
Discussant Seow Eng Ong (National University of Singapore) ☛Comment
Presenter9 Tomoo Inoue (Seikei University)
“Aging and Property Prices: Evidence from diverse economies” ☛Presentation
Discussant Norifumi Yukutake (Nihon University) ☛Comment
Presenter10 Ryo Jinnai (Hitotsubashi University)
“Recurrent Bubbles, Economic Fluctuations, and Growth” ☛Paper、☛Presentation
Discussant Masaya Sakuragawa (Keio University) ☛Comment